Pi Network Token Near All-Time Low as Bearish Indicators Intensify

Cryptocurrency project Pi Network is currently under severe downward pressure as its token price approaches a critical historical threshold. The asset has dropped to around $0.42, dangerously close to its all-time low of $0.40. Technical indicators and market dynamics suggest a growing risk of further depreciation, raising concerns among investors and community members [1].

Several key technical signals have turned bearish, undermining the modest recovery observed in recent weeks. The Moving Average Convergence Divergence (MACD) line is on the verge of crossing below the signal line, a classic sign of an impending bearish trend. This would mark the end of nearly a month of weak bullish momentum [1]. Additionally, the Squeeze Momentum Indicator has shown black dots on the chart, signaling a period of compressed volatility that typically precedes a sharp price movement. In this context, the likely direction appears to be downward [1].

The recent loss of the $0.440 support level is another concerning development. This level was both a psychological and technical barrier, and its breach has opened the door for a potential fall to the historic floor of $0.400. Market conditions remain unfavorable, with low buying volume and no significant accumulation being observed. Investors are adopting a wait-and-see attitude, further amplifying the risk of breaking the symbolic $0.40 level [1].

Fundamentally, Pi Network faces challenges beyond on-chain data. The absence of major buy signals or catalysts has left the asset struggling to attract renewed demand. No significant network upgrades, commercial integrations, or strategic partnerships have been reported, fueling caution and, in some cases, distrust among crypto investors [1].

The weakening community engagement is compounding these concerns. Once a key strength of the project, the Pi Network community appears to be disengaging in the face of ongoing uncertainty. The prolonged delay in transitioning to the full mainnet and the lack of clarity on the token’s actual utility within the network are intensifying doubts about its long-term viability [1].

With little tangible progress and no apparent catalysts for a turnaround, the token is at risk of falling into a speculative oblivion, marked by extreme volatility and a gradual loss of interest from long-term holders. A potential rebound above $0.440 would be necessary to avoid the worst-case scenario. However, without a sudden resurgence of demand or a meaningful announcement, the possibility of a new historical low remains high [1].

Source: [1] Crypto: Pi Network In Free Fall Threatens To Break A Very Critical Historical Threshold (https://coinmarketcap.com/community/articles/688b97a7cf87924d569b234a/)